MicroStrategy Buys 301 BTC for $6M, Already Down $300,000 | CoinMarketCap

MicroStrategy has snapped up another 301 BTC for $6 million, new filings to the U.S. Securities and Exchange Commission reveal.This means that the Bitcoin investment is already underwater by $300,000. At the time of writing, CoinMarketCap data shows BTC is trading at $18,864.

Back in November, when Bitcoin hit an all-time high of $68,700, MicroStrategy was sitting on a profit of $4 billion. "If you'd asked the same question to Jeff Bezos in 2003 and said, you know, like you just had an 80% loss in Amazon, do you ever wish you sold Amazon in the year 2001? You know, Jeff Bezos could have sold Amazon in the year 2000 and avoided a 95% loss."

"If you look at all the richest people in the world, they're not traders. I mean, Bill Gates, Jeff Bezos, Elon Musk, Mark Zuckerberg, Larry Page… name the person who traded their way to that situation. You can't really do it. Trying to time the market is ridiculous."

You only have to assume the value of these savings in a few years to put everything in its place

Keep buying btc, write off tax each time btc tanks. Buy more btc with tax saved. Rince and repeat

I don’t understand from where are they getting the money to continue this nonsense madness.

Great man

Big Money picked up another $6M in BTC.

130B=130B

Check that investment again in about 18 to 24 months!!!

That is insanity, why not buy 3 billion of real estate and be set for life for him self and his family generations lol

I can't keep this success all to myself, protraderjason i really appreciate you sir your platform is best

ignorant post

This is because the U.S. government knows how power crypto is. So the only way the U.S dollar stays this high is to weight down Bitcoin as much as possible.

It’s easy to have diamond hands when one is using others people money

Just a Matter of time.

Redistribution of wealth

RUGGED lmfao, he should’ve bought ARCBLOCK ABT for past uranus gainz. ArcBlock_io

But did he spend $3.97 billion on $QUAD ?

Than shorts coming 😂😂😂😂

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